Bitcoin recently surged to a record ~$123 k on July 14, driven by optimism around U.S. “crypto‑friendly” legislation like the GENIUS and CLARITY Acts . Institutional demand has been strong—ETF inflows reached ~$50 bⁿ in 2025, with BlackRock’s iShares Bitcoin Trust topping $80 bⁿ . Additionally, corporate treasuries (e.g., Trump Media’s $2 bⁿ BTC purchase) are boosting investor confidence .
Technically, BTC has consolidated between $115.5 k–$118 k after dipping below $117 k amid ETF outflows and macro uncertainty tied to Fed Chair Powell’s speech . Indicators show waning bullish momentum; the 2‑hour RSI (~41) and MACD bearish cross suggest a possible short-term pullback toward $116 k–$115.5 k . On‑chain metrics like an elevated Long‑Term Holders’ SOPR (~1.96) signal potential profit‑taking around current levels .
However, mid‑ to long‑term outlook remains constructive. If BTC holds above key support and regulatory clarity persists, analysts see targets of $130–150 k by year‑end, with some forecasts reaching $145–162 k .